Facebook defends its €3.4m tax bill as Irish revenues rocket

[barryqwalsh]

Facebook Ireland last year paid only €3.4m in corporate tax in spite of revenues rocketing by over €1.8bn to €4.83bn.

The Dublin-based firm, which serves as Facebook's international HQ, accounted for 47pc of Facebook's global revenues of $12.46bn as the Irish unit's revenues increased by 62.5pc over the 12 months.

However, in spite of the growing importance of Facebook Ireland to the social media giant's worldwide operations, its corporate tax bill rose by only €1.1m to €3.4m last year.


Facebook defends its €3.4m tax bill as Irish revenues rocket - Independent.ie

 

[EdwardBaiamonte]

Facebook Ireland last year paid only €3.4m in corporate tax in spite of revenues rocketing by over €1.8bn to €4.83bn.

The Dublin-based firm, which serves as Facebook's international HQ, accounted for 47pc of Facebook's global revenues of $12.46bn as the Irish unit's revenues increased by 62.5pc over the 12 months.

However, in spite of the growing importance of Facebook Ireland to the social media giant's worldwide operations, its corporate tax bill rose by only €1.1m to €3.4m last year.


Facebook defends its €3.4m tax bill as Irish revenues rocket - Independent.ie

shame on them for wanting to keep their money rather than let liberals in govt waste it!!